Directors Deals 

LondonMetric chairman cuts stake

LondonMetric chairman cuts stake

News of LondonMetric Property’s (LMP) acquisition of smaller rival A&J Mucklow should have come as little surprise, in a time when urban logistics landlords seek to snap up extra space in a constrained market. Given the solid rental growth reported by both LondonMetric and its target, the disposal of £1.3m of shares by non-executive chairman Patrick Vaughan earlier this month should not cause investors alarm. Mr Vaughan retains a 1.38 per cent stake in the group.

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